Latest news with #Fluxys
Observer
11-08-2025
- Business
- Observer
OQGN eyes Ibri for carbon capture opportunities
MUSCAT, AUG 11 Pressing ahead with its carbon capture and CCUS ambitions, OQ Gas Networks (OQGN) – the majority state-owned operator of Oman's gas transportation infrastructure – has identified the Ibri Power Project in Al Dhahirah Governorate as a promising candidate for carbon capture in partnership with Occidental (Oxy) Oman. Carbon capture, utilisation, and storage (CCUS), along with green hydrogen transportation, form key pillars of the publicly traded company's strategy to position itself as a leading player in advancing Oman's Net Zero goals. 'The company's strategic stance towards energy transition continues to be a focus, specifically in hydrogen and CCUS,' OQGN stated in its Q2 2025 financial performance report. 'As part of this work, OQGN has signed a cooperation agreement with (Belgian energy infrastructure player) Fluxys to jointly develop hydrogen transportation infrastructure in Oman. On the carbon capture front, the Ibri Power Plant has been identified as a key priority, and OQGN has coordinated with Oxy on the way forward to jointly assess capture opportunities.' The 1,509 MW combined-cycle gas turbine (CCGT) power plant in Ibri is one of Oman's largest gas-fired projects and began operations in Q2 2019. It was developed by Ad-Dhahirah Generating Company, backed by a consortium that includes ACWA Power, Mitsui, and DIDIC as its major shareholders. Oxy Oman is among several local and international entities collaborating with OQGN to advance the Sultanate of Oman's energy transition and decarbonisation goals. In November 2023, the upstream energy company signed an MoU with OQGN to jointly study and develop CCUS projects in Oman, particularly for enhanced oil recovery (EOR) and broader carbon management strategies. Belgian energy infrastructure leader Fluxys is both a strategic partner and an investor, holding a 4.9% equity stake in OQGN. The two companies signed an MoU in October 2023 to collaborate on developing hydrogen and CO₂ infrastructure in Oman. In May 2025, they advanced this partnership by signing a term sheet agreement under which Fluxys will serve as a minority shareholder and co-operator in developing Oman's hydrogen transportation network. In addition, OQGN has joined a Memorandum of Cooperation with Oman's Ministry of Energy and Minerals and other major energy players to form a 'House of Expertise' tasked with developing the regulatory and strategic framework for CCUS technologies and blue hydrogen in support of Oman's Net Zero 2050 targets. Likewise, in collaboration with Hydrom – the architect of Oman's green hydrogen sector – OQGN is conducting technical feasibility studies on open-access pipeline networks for both green hydrogen and CO₂ transport, leveraging its existing natural gas infrastructure to support decarbonisation.
Reuters
05-08-2025
- Business
- Reuters
German cartel office approves OGE's CO2 pipeline projects with ONTRAS and Fluxys
BERLIN, Aug 5 (Reuters) - Germany's cartel office said Tuesday that it has no fundamental competition concerns regarding the planned construction of two CO2 pipelines by Open Grid Europe GmbH (OGE) in collaboration with ONTRAS Gastransport GmbH and Belgian company Fluxys. "According to the current status, even without cooperation, it would not be expected that the participating companies would undertake competing CO2 pipeline projects in the coming years," said Andreas Mundt, president of the cartel office. "Therefore, from a competition perspective, there are no fundamental concerns against the two cooperation projects." The projects, expected to involve investments in the single-digit billion-euro range, aim to enhance Germany's carbon capture and storage (CCS) capabilities.
Zawya
19-05-2025
- Business
- Zawya
Oman: Pact signed to jointly develop hydrogen transport network
MUSCAT: OQ Gas Networks SAOG (OQGN), the exclusive operator of Oman's natural gas transmission system, has signed a Term Sheet Cooperation Agreement with Belgium-based Fluxys to jointly develop a hydrogen transportation network in the Sultanate of Oman. Under the agreement, Fluxys will join as a minority shareholder, co-owning and operating the planned infrastructure alongside OQGN. The agreement builds on an earlier Memorandum of Understanding (MoU) signed in September 2023 and strengthens their partnership following Fluxys' acquisition of a 4.9% stake in OQGN during its Initial Public Offering (IPO). Both companies share a vision for leading the energy transition and see this collaboration as a key step toward realizing Oman's Vision 2040 and its national hydrogen production targets. With complementary infrastructure and expertise, OQGN and Fluxys aim to fast-track the rollout of hydrogen transport systems to support Oman's clean energy ambitions. The partnership also reflects a broader goal to exchange knowledge and best practices to accelerate low-carbon developments. The agreement was signed by Eng Mansoor bin Ali al Abdali, CEO of OQGN, and Pascal De Buck, Managing Director and CEO of Fluxys, during a ceremony at the Mandarin Oriental Hotel in Muscat, held under the auspices of Salim bin Nasser Al Aufi, Minister of Energy and Minerals. 'We are excited to work with Fluxys in developing hydrogen transportation infrastructure to support Oman's green hydrogen and decarbonisation goals,' said Eng Al Abdali. 'This collaboration reflects our commitment to delivering cost-effective, sustainable energy solutions for the future.' De Buck added, 'Partnering with OQGN marks a major step in our strategy to build international low-carbon value chains. We look forward to contributing to Oman's energy transition while bringing renewable hydrogen to Belgium and Europe.' 2022 © All right reserved for Oman Establishment for Press, Publication and Advertising (OEPPA) Provided by SyndiGate Media Inc. (
Observer
18-05-2025
- Business
- Observer
Pact signed to jointly develop hydrogen transport network
MUSCAT: OQ Gas Networks SAOG (OQGN), the exclusive operator of Oman's natural gas transmission system, has signed a Term Sheet Cooperation Agreement with Belgium-based Fluxys to jointly develop a hydrogen transportation network in the Sultanate of Oman. Under the agreement, Fluxys will join as a minority shareholder, co-owning and operating the planned infrastructure alongside OQGN. The agreement builds on an earlier Memorandum of Understanding (MoU) signed in September 2023 and strengthens their partnership following Fluxys' acquisition of a 4.9% stake in OQGN during its Initial Public Offering (IPO). Both companies share a vision for leading the energy transition and see this collaboration as a key step toward realizing Oman's Vision 2040 and its national hydrogen production targets. With complementary infrastructure and expertise, OQGN and Fluxys aim to fast-track the rollout of hydrogen transport systems to support Oman's clean energy ambitions. The partnership also reflects a broader goal to exchange knowledge and best practices to accelerate low-carbon developments. The agreement was signed by Eng Mansoor bin Ali al Abdali, CEO of OQGN, and Pascal De Buck, Managing Director and CEO of Fluxys, during a ceremony at the Mandarin Oriental Hotel in Muscat, held under the auspices of Salim bin Nasser Al Aufi, Minister of Energy and Minerals. 'We are excited to work with Fluxys in developing hydrogen transportation infrastructure to support Oman's green hydrogen and decarbonisation goals,' said Eng Al Abdali. 'This collaboration reflects our commitment to delivering cost-effective, sustainable energy solutions for the future.' De Buck added, 'Partnering with OQGN marks a major step in our strategy to build international low-carbon value chains. We look forward to contributing to Oman's energy transition while bringing renewable hydrogen to Belgium and Europe.'
Times of Oman
18-05-2025
- Business
- Times of Oman
Cooperation agreement inked to develop hydrogen transportation network in Oman
Muscat: OQ Gas Networks (OQGN) has signed a cooperation agreement with Belgium's Fluxys to jointly develop the foundational infrastructure for hydrogen transportation in the Sultanate of Oman. The agreement was signed by Eng. Mansour Ali Al Abdali, CEO of OQGN, and Pascal De Buck, CEO and Managing Director of Fluxys, during a ceremony held in Muscat under the patronage of Eng. Salim Nasser Al Aufi, Minister of Energy and Minerals. Under this agreement, the two companies will collaborate on acquiring a minority stake in the hydrogen network and contribute to its operations. Both OQGN and Fluxys share a vision to lead energy transition initiatives, leveraging their integrated infrastructure and shared ambitions to enable the rapid and effective development of hydrogen infrastructure that meets Oman's needs—aligned with the objectives of "Oman 2040" and its hydrogen production goals. This cooperation agreement strengthens the partnership between OQGN and Fluxys, following a memorandum of understanding (MoU) signed in September 2023 for strategic collaboration in developing hydrogen and carbon dioxide networks in Oman. It also comes after Fluxys acquired a 4.9% stake in OQGN as a key investor during the company's initial public offering (IPO). This partnership underscores OQGN's commitment to enabling the timely development of decarbonisation infrastructure in Oman and highlights Fluxys' strategy of connecting and investing in new low-carbon energy value chains in countries with high renewable energy potential, while linking them to Belgium and Europe.
